What a fractional chief financial officer does is work on a part-time basis to provide those services, without being on a full-time payroll. They work as needed, and you still reap the benefits of having someone come alongside you and help you grow your business, as well as decrease expenses.
We all know that cash flow is the lifeblood of a business. If you do not have enough cash flow, your business will not make it for long. Your business may be just starting up, or you’re making lots of money, but where is the money going? What are your profit margins? How are you doing compared to your budget, if you even have a budget? What are your prior year comparisons? Are you increasing sales but, at the same time, increasing expenses as well?